Elon Musk's SpaceX is now worth $100 billion, which makes it the 2nd most valuable private company in the world

[mclumber1]

Quote

The valuation of Elon Musk’s SpaceX crossed $100 billion following a share sale by existing investors announced this week, CNBC has learned.

 

SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from insiders at $560 a share, according to multiple people familiar with the deal — increasing the company’s valuation to $100.3 billion. The company did not raise new capital at this time, sources said, with the purchase offer representing a secondary sale of existing shares.

 

The new share price is an increase of 33% from SpaceX’s last valuation of $74 billion at $419.99 a share in February, when the company raised nearly $1.2 billion. The company had a similar secondary transaction in February, with a deal for insiders to sell up to $750 million at the time.

 

SpaceX’s new valuation makes it one of the rare private “centicorn” or “hectocorn” companies in the world — a $1 billion unicorn 100 times over. Musk’s SpaceX is now the second-most valuable private company in the world, according to CB Insights, behind only China’s Bytedance and jumping past fintech firm Stripe.

Elon Musk's SpaceX hits $100 billion valuation after secondary share sale

WWW.CNBC.COM

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The valuation of Elon Musk's SpaceX crossed $100 billion following the company's latest financing round, CNBC has learned, which was announced this week.

 

[b_m_b_m_b_m]

Amazing the things you can do with just a dream (and generational wealth and government money)

[Kal-El814]

Tax the ever living shit out of this complete chode.

[Commissar SFLUFAN]

Expropriate.

Nationalize.

Liquidate.

[Uaarkson]

2 minutes ago, Commissar SFLUFAN said:

Expropriate.

Nationalize.

Liquidate.

No! I want to live to see the first corporate drone wars.